After the latest Consumer Price Index (CPI) report on Wednesday, U.S. inflation eased to 2.8% in February, coming in lower than expected. Despite this, the crypto market remains in a consolidation phase, with Bitcoin holding near the $82,000 support level. However, three promising crypto tokens show strong potential to surge 10X as market conditions stabilize.
Crypto Tokens Ready to Surge 10X Amid Falling US CPI to 2.8%
The consumer price index rose by 0.2% in February, bringing annual inflation to 2.8%. This follows a 0.5% increase in January. Lower inflation rates often impact the crypto price market, influencing assets like PEPE, BTC, and DOGE. Today the crypto market is up by 1.22%, struggling to recover.
Pepe Coin (PEPE)
Pepe Coin (PEPE) price surged impressively today, showing a robust recovery over the last 24 hours making it among the best crypto token to watch. Currently positioned in an ascending trading channel, PEPE is priced at 0.000007276, reflecting a 15% increase.
Amid broader market recovery efforts, the PEPE price performance stands out, particularly following a significant purchase by a whale investor who acquired $4.3 million worth of PEPE as US CPI figures fell to 2.8%.
Crypto analysts highlighted that PEPE’s price has dipped to a critical Fibonacci support level at 0.00000507 USDT, suggesting a prime buying juncture. A rebound from this level may initiate a bullish trend reversal. Looking ahead, key price targets are set at 0.00002072 USDT and 0.00002789 USDT, promising potential gains.
Bitcoin (BTC)
Bitcoin (BTC) price saw a slight recovery on Thursday, gaining 1% to trade at $83,399. The rebound followed softer-than expected U.S. inflation data, boosting market sentiment. Analysts suggest Bitcoin is consolidating within an ascending triangle, signaling a potential breakout in the crypto market.
Crypto expert Ali predicts a possible 9% price surge if BTC surpasses resistance levels. Market participants remain optimistic about further gains, especially as inflation trends lower.
With renewed confidence, traders anticipate a bullish momentum, positioning the BTC price among key tokens poised for significant growth.
Dogecoin (DOGE)
Dogecoin price is showing a slight recovery, trading above $0.1716 after gaining 5% in the past 24 hours. Analysts suggest that the DOGE price could experience a strong rally as it bounces off a key support level. After a Bitwise ETF approval in 2025 might further boost sentiment.
Technical indicators highlight a possible bullish reversal, with DOGE printing a doji pattern on the weekly chart. Additionally, network activity is surging.
Active addresses have risen 47% in a month, climbing from 110,000 to 163,000. Increased participation often leads to higher demand, potentially driving prices higher. Traders are closely watching for a breakout in the coming sessions.
Final Thoughts
To sum up, the recent drop in U.S. inflation to 2.8% has injected optimism into the financial markets. While crypto tokens are still navigating a sideways trend, these three assets stand out as potential 10X gainers.
The post These 3 Crypto Tokens Set to 10X as US CPI Drops to 2.8% appeared first on CoinGape.
